Swing Trading Stocks: Week of 17 Apr 2023

Swing Trading Stocks for the Week

At the beginning of every week, our analysts scan through the markets and provide a list of the five best swing trade stocks. The stocks are recommended from a wider list of stocks with the help of fundamental and technical analysis. We regularly update our success rate and issue special commentary during special market events. The average holding period could be between 7-10 days on average.

Weekly Stocks for Swing Trading

1. Navin Fluorine International (NAVINFLUOR)

Navin Fluorine Intl. has an operating revenue of Rs. 1,789.24 Cr. on a trailing 12-month basis. An annual revenue growth of 19% is outstanding, Pre-tax margin of 24% is great, ROE of 14% is good. The company has a reasonable debt to equity of 5%, which signals a healthy balance sheet. The stock from a technical standpoint is comfortably placed above its key moving averages, around 6% and 5% from 50DMA and 200DMA.

Navin Fluorine International Share Price Target for Today:

- Current Market Price: Rs. 4526

- Stop Loss: Rs. 4345

- Target 1: Rs. 4708

- Target 2: Rs. 4890

- Holding Period: 1 week

5paisa Recommendation: Our technical experts expects positive momentum in this stock hence making NAVINFLUOR, as one of the best swing trade stocks.

2. Dabur India (DABUR)

Dabur India has an operating revenue of Rs. 11,369.90 Cr. on a trailing 12-month basis. An annual revenue growth of 14% is good, Pre-tax margin of 21% is great, ROE of 20% is exceptional. The company has a reasonable debt to equity of 3%, which signals a healthy balance sheet. The stock from a technical standpoint is trading below to its key moving averages. It needs to take out these levels and stay above it to make any meaningful move.

Dabur India Share Price Target for Today:

- Current Market Price: Rs. 527

- Stop Loss: Rs. 512

- Target 1: Rs. 542

- Target 2: Rs. 556

- Holding Period: 1 week

5paisa Recommendation: Our technical experts expects volume spurt in DABUR and thus making this stock as one of the best swing trade stocks.

3. Advanced Enzyme Technologies (ADVENZYMES)

Advanced Enzyme Techs. has an operating revenue of Rs. 533.66 Cr. on a trailing 12-month basis. An annual revenue growth of 5% is not great, Pre-tax margin of 32% is great, ROE of 10% is good. The company has a reasonable debt to equity of 1%, which signals a healthy balance sheet. The stock from a technical standpoint is trading below to its key moving averages. It needs to take out these levels and stay above it to make any meaningful move.

Advanced Enzyme Technologies Share Price Target for Today: 

- Current Market Price: Rs. 262

- Stop Loss: Rs. 253

- Target 1: Rs. 271

- Target 2: Rs. 280

- Holding Period: 1 week

5paisa Recommendation: Our technical experts expects on the verge of breakout in ADVENZYMES hence making this stock as one of the best swing trade stocks.

4. Dixon Technologies (India) (DIXON)

Dixon Technologies (India) has an operating revenue of Rs. 12,079.31 Cr. on a trailing 12-month basis. An annual revenue growth of 66% is outstanding, Pre-tax margin of 2% needs improvement, ROE of 19% is exceptional. The company has a reasonable debt to equity of 30%, which signals a healthy balance sheet. The stock from a technical standpoint is trading below to its 200DMA and close to its 50DMA.

Dixon Technologies (India) Share Price Target for Today:

- Current Market Price: Rs. 2982

- Stop Loss: Rs. 2869

- Target 1: Rs. 3095

- Target 2: Rs. 3208

- Holding Period: 1 week

5paisa Recommendation: Our technical experts see pullback expected in this stock hence making DIXON as one of the best swing trade stocks.

5. DLF (DLF)

DLF (Nse) has an operating revenue of Rs. 5,786.03 Cr. on a trailing 12-month basis. An annual revenue growth of 3% is not great, Pre-tax margin of 20% is great, ROE of 4% is fair but needs improvement. The stock from a technical standpoint is comfortably placed above its key moving averages, around 12% and 9% from 50DMA and 200DMA. 

DLF Share Price Target for Today: 

- Current Market Price: Rs. 413

- Stop Loss: Rs. 398

- Target 1: Rs. 428

- Target 2: Rs. 445

- Holding Period: 1 week

5paisa Recommendation: Our technical experts expects bullish momentum in this stock hence making this DLF one of the best swing trade stocks.